Business
PubMatic Announces First Quarter 2022 Financial Results
Delivered revenue of $54.6 million, up 25% year over year;Generated $4.8 million in GAAP net income, or 9% margin;Delivered $17.0 million in adjusted EBITDA,
About this update from Pubmatic, Inc.
[{"type":"text","content":"Delivered revenue of $54.6 million, up 25% year over year;Generated $4.8 million in GAAP net income, or 9% margin;Delivered $17.0 million in adjusted EBITDA, or 31% margin;Continued to invest in long-term growth and market share expansion NO-HEADQUARTERS/REDWOOD CITY, Calif., May 09, 2022 (GLOBE NEWSWIRE) -- PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising’s supply chain of the future, today reported financial results for the first quarter ending March 31, 2022. “PubMatic continued its outstanding track record of durable growth, GAAP profitability and cash generation. This consistent performance is driven by our unique infrastructure driven approach to digital advertising,” said Rajeev Goel, co-founder and CEO at PubMatic. “We are building the supply chain of the future with infrastructure that connects all ecosystem participants on a global basis across ad formats and devices. This vision creates a long runway for growth that we are actively investing behind as we continue to grow our market share and consolidate the market.” First Quarter 2022 Financial Highlights Revenue in the first quarter of 2022 was $54.6 million, an increase of 25% over $43.6 million in the same period of 2021;GAAP net income was $4.8 million, or $0.08 per diluted share in the first quarter, compared to GAAP net income of $4.9 million, or $0.09 per diluted share in the same period of 2021;Net dollar-based retention1 was 140% for the trailing twelve-months ended March 31, 2022, an increase from 130% in the comparable trailing twelve-month period a year ago;Adjusted EBITDA was $17.0 million, or 31% margin, compared to adjusted EBITDA of $14.5 million, or a 33% margin, in the same period of 2021;Non-GAAP net income was $8.1 million, or $0.14 per diluted share in the first quarter, compared to Non-GAAP net income of $7.8 million, or $0.14 per diluted share in the same period of 2021;Net cash provided by operating activities was $19.3 million, an increase of 52%, compared to $12.7 million in the same period of 2021; andTotal cash, cash equivalents, and marketable securities of $174.7 million with no debt. The section titled “Non-GAAP Financial Measures” below describes our usage of non-GAAP financial measures. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press ...